**Senator Cynthia Lummis to Co-Host Bitcoin for America: A New Chapter for Crypto in D.C.**
Senator Cynthia Lummis has exciting news—she will be co-hosting Bitcoin for America, a significant event set to take place in Washington, D.C. This gathering aims to influence Bitcoin’s role in the U.S. economy through engaging policy discussions. Bitcoin is making a notable entrance on Capitol Hill, and Lummis is joining forces with the Bitcoin Policy Institute to bring this event to life on March 11. The lineup is impressive, featuring industry leaders, politicians, and Bitcoin experts all coming together to discuss how Bitcoin is transforming America’s economic landscape. Lummis has positioned herself as a strong advocate for Bitcoin, and her recent cryptic tweet, “₿ig things cooking,” hints that something significant may be on the horizon, possibly new legislation to be unveiled on March 11.
**Bitcoin’s Growing Influence in Policy**
Lummis has firmly established herself as a champion for Bitcoin in Congress. She has been actively advocating for clearer regulations surrounding cryptocurrency and has even proposed the ambitious idea of the U.S. creating its own strategic Bitcoin reserve. Reflecting on her proposal from July 2024, she suggested that the Treasury should view Bitcoin as a long-term asset that could combat inflation and strengthen the dollar. Since taking the helm as chair of the Senate Banking Subcommittee on Digital Assets in January 2024, she has been on a mission to enhance transparency in crypto regulation. In February, she took a stand against the Federal Reserve, questioning its alleged pressure on banks to restrict crypto access and demanding documents related to Operation Choke Point 2.0. Lummis has been actively pursuing various initiatives as well.
**A Defining Moment for Crypto Policy**
The upcoming Bitcoin for America event could signify a pivotal moment for U.S. crypto policy. Lummis has already made significant progress by conducting the first hearing of the Senate Banking Subcommittee on Digital Assets on February 26. This hearing focused on market structure and stablecoins, featuring expert testimonies that could influence future regulations. Lummis faces the challenge of garnering bipartisan support for her initiatives. While she has previously collaborated with Senator Kirsten Gillibrand, a Democrat, Gillibrand is not a member of the Senate Banking Committee. Therefore, Lummis will need to seek out other Democrats willing to join her in advancing pro-crypto legislation.
The guest list for the recent hearing is indicative of the direction things may take. Notable attendees include Jai Massari from Lightspark and Austin Campbell, who has been outspoken about the SEC’s approach to crypto regulation. Their participation suggests a collective push for clearer and fairer rules in the crypto space. The insights shared by these experts could play a crucial role in shaping the future of U.S. crypto policy.
